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Retail/Office Complex on 5.66 Acres

3003-3047 S Kansas Expressway, Springfield, MO 65807

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For Sale

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47,500 SF retail/office complex across from Hy-Vee.

Type:Land, Mixed Use, Office, Retail

Property size:

47,500 SF

Lot size:

5.66 Acres

Price / SF:

$128/SF

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Contact for Pricing

Please call us for current price
and status of this listing

Joni Mashburn

Real Estate License ID: 2001029451

HighLights

47,500 SF retail/office complex in 4 buildings.
Located on 5.66 acres across from Hy‑Vee at S. Kansas Expressway and W. Battlefield Rd.
Triple‑Net Leases in place.
Tenants responsible for proportionate share of real estate taxes, insurance, and common area maintenance.
Includes WellSpring School of Allied Health as a tenant.
Includes Paul Mitchell The School as a tenant.

Learn more

For Sale

Contact for pricing

47,500 SF retail/office complex across from Hy-Vee.

Type:Land, Mixed Use, Office, Retail

Property size:

47,500 SF

Lot size:

5.66 Acres

Price / SF:

$128/SF

Added:: Jun 28, 2022
Days on Market:: 1471
Last Refresh:: Jul 5 at 1:10 pm

Property Features for 3003-3047 S Kansas Expressway

General Information

Standard status: Active
Size: 47,500 SF
Lot size: 5.66 Acres
Property subtype: Land, Mixed Use, Office, Retail

We can help!

Contact an agent

Joni Mashburn

Listing office Bill Beall Co

Listing date Jun 28, 2022

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Bill Beall Co

HighLights

47,500 SF retail/office complex in 4 buildings.
Located on 5.66 acres across from Hy‑Vee at S. Kansas Expressway and W. Battlefield Rd.
Triple‑Net Leases in place.
Tenants responsible for proportionate share of real estate taxes, insurance, and common area maintenance.
Includes WellSpring School of Allied Health as a tenant.
Includes Paul Mitchell The School as a tenant.

Overview

This 47,500 square foot retail and office complex comprises four buildings situated on 5.66 acres. The property is located across from the Hy-Vee at South Kansas Expressway and West Battlefield Road. The leases are structured as triple-net, with each tenant responsible for their proportionate share of real estate taxes, insurance, and common area maintenance. Current tenants include WellSpring School of Allied Health, Paul Mitchell The School, Hanger Prosthetics, and J&M Engineering.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$524.4k	$11.04
− Vacancy	−$22.5k	−$0.47
EGI	$501.9k	$10.57
− OpEx	−$125.5k	−$2.64
NOI	$376.4k	$7.92

47,500 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$5.38M

$4.70M – $6.27M (±1% cap)

NOI $376,388 @ 7.0% cap · market cap 6.17%

Second Best

Mixed Use

$5.08M

$4.44M – $5.92M (±1% cap)

NOI $355,359 @ 7.0% cap · market cap 5.83%

Theoretical Best

Office A

$7.17M

$6.27M – $8.36M (±1% cap)

NOI $501,851 @ 7.0% cap · market cap 8.23%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Greene
State: Missouri
Longitude: -93.3181707
Latitude: 37.1598109

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For sale
Mixed-use properties
MO
Springfield
65807
3003-3047 S Kansas Expressway

What type of property is this?

Mixed-use property - 47,500 SF retail/office complex across from Hy-Vee.

Where is this mixed-use property located?

The property is located at 3003-3047 S Kansas Expressway Springfield, MO.

What is the asking price?

The asking price for this property is $6,100,000.

What are key features of this property?

This property features: 47,500 SF retail/office complex in 4 buildings.; Located on 5.66 acres across from Hy‑Vee at S. Kansas Expressway and W. Battlefield Rd.; Triple‑Net Leases in place.